The federal government’s subsidy for electricity bills will not be extended into next year, Jim Chalmers has announced.<\/p>\n
The discount of $75 per quarter for all households will instead end in December as planned, in what the treasurer said was a “hard” decision made by the cabinet in recognition of “pressure on the budget”.<\/p>\n
“We’ve been up-front with people and said that these were never going to be a permanent feature of the budget,” he said.<\/p>\n
The subsidy, which began in mid-2023, was directly applied to energy bills and was complemented by subsidies from state and territory governments. Some small businesses were also eligible.<\/p>\n
Initially funded for just one year, the program was twice extended as cost of living pressures remained acute.<\/p>\n
There had been some speculation it would be extended again, but Mr Chalmers said it was “the right decision” to move on, framing it as a decision to shift from “temporary help” to “permanent” measures such as tax cuts.<\/p>\n
“[The decision] recognises that there is more than one way to provide this cost of living relief that people still need in their household budgets,” he said.<\/p>\n
Loading<\/p>\n","protected":false},"excerpt":{"rendered":"The federal government’s subsidy for electricity bills will not be extended into next year, Jim Chalmers has announced.…\n","protected":false},"author":3,"featured_media":432377,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4740,24071,197312,116720,77283,50,143525,272],"class_list":{"0":"post-432376","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-australia","9":"tag-electricity","10":"tag-electricity-bill","11":"tag-electricity-bills","12":"tag-jim-chalmers","13":"tag-news","14":"tag-power-bills","15":"tag-subsidy"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115681780255265865","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/432376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=432376"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/432376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/432377"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=432376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=432376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=432376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}